Europe: Yanks Go Home (And Take Your Banks With You)

Europe has put a stop to Wall Street investment banks'
involvement in major European sovereign debt deals,
according to The Guardian.

Banks like Goldman Sachs and JP Morgan have been shut out of the
top ten list of sovereign debt deal makers leaving only Morgan
Stanley the chance to creep in at number 10,
according to The Guardian's Dealogic data.

The Guardian perceives this to be a considered backlash against
the much maligned ways of the Wall Street bank.

The Vice Chair of the European Parliament's committee on
economics
went so far as to say, "Governments do not have the
confidence that the excessive risk-taking culture of the big Wall
Street banks has changed and they still cannot be trusted to put
the stability of the financial system before profit."